Historical month-by-month and year-by-year returns
Based on 24 calendar years of monthly closes, starting 2003.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.7% | +0.8% | 70% | +9.7% | −3.5% |
| February | 0.0% | −0.2% | 43% | +3.5% | −3.1% |
| March | −0.5% | −0.6% | 37% | +6.1% | −5.4% |
| April | −0.1% | −0.6% | 43% | +5.0% | −8.7% |
| May | +0.2% | −0.4% | 43% | +6.6% | −3.5% |
| June | −0.6% | −0.1% | 48% | +4.8% | −7.2% |
| July | +0.4% | +0.2% | 52% | +3.8% | −2.8% |
| August | −0.1% | +0.1% | 57% | +6.0% | −6.0% |
| September | +0.6% | +0.4% | 59% | +13.3% | −4.6% |
| October | — | — | — | — | — |
| November | +0.6% | +0.3% | 61% | +5.7% | −2.5% |
| December | −0.1% | −0.1% | 43% | +3.8% | −2.4% |
| Year | Return |
|---|---|
| 2025 | −4.6% |
| 2024 | +8.2% |
| 2023 | −2.2% |
| 2022 | +6.4% |
| 2021 | 0.0% |
| 2020 | −2.4% |
| 2019 | −4.1% |
| 2018 | +8.4% |
| 2017 | −6.5% |
| 2016 | −3.1% |
| 2015 | +19.5% |
| 2014 | +9.0% |
| 2013 | +7.0% |
| 2012 | −2.5% |
| 2011 | +2.1% |
| 2010 | −5.0% |
| 2009 | −13.5% |
| 2008 | +21.9% |
| 2007 | −14.4% |
| 2006 | +0.4% |
| 2005 | −3.3% |
| 2004 | −7.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.